Category Archives: Notices

We Are Eight Years Old

birthday cake with candles eight years oldEvery year, I use the birthday post to thank the people who have contributed to the success of this site over time. Now that we are eight years old, that list is so long that any effort to do it justice will inevitably neglect some key people. So I hope no one takes offense at an oversight.

I started writing this blog because it seemed like a good idea at the time. More specifically, it seemed at that time that there were things that needed to be said. In the fall and winter of 2006, if you read between the lines of the Financial Times and Bloomberg, it was not hard to see that credit risk was grossly underpriced across all debt instruments, or to put it another way, that we were in the midst of a huge credit bubble. And you’d never be able to discern that by reading the Wall Street Journal or New York Times. It was clear this wall of liquidity, as it was described at the time, was going to end badly, but when and how was an open question.

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Countdown!

Readers have made an amazing response to our final appeal, for $16,000 to fund more original reporting. Since our last update, a mere few hours ago, we went from being 34 shy of meeting our donor goal of 1200 to a mere three donors short. And we were then $560 below our $16,000 goal but have now exceeded it by $1250!

Only three hours remain in the Naked Capitalism fundraiser. Show your support of critical thinking, merciless evisceration of lame punditry, deep diving into turbid financial waters, and cute animal pictures.

Every dollar you give now goes to support more original reporting.

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Final Hours of Fundraiser, Beat New Donor Target

The Naked Capitalism community has spoken loudly and clearly. You’ve said you want this site to continue to improve. You’ve been willing to provide tangible backing for your desire to have us demystify finance, call out chicanery in high places, parse propaganda, and in our small way, help promote the creation of a more just society.

We set an initial target of 1000 donors. You met that yesterday. We set a new target of 1100. You blew past that today. We are now at 1139 donors. This is 30% more donors than we got all day yesterday, and each day this week we’ve had more people contribute to the fundraiser than the day before.

But even with this great support, we are still short by $2200 of our final goal of $16,000 for more original reporting. Let’s see if we can get to 1200 donors and hit our last monetary target before the close of this effort, midnight PST.

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Wow! Met Our Fourth Target, On to Our Fifth: More Original Reporting

Thanks to your generous and speedy responses, we’ve met our first four targets: more upgrades to the user experience and other site tech support (which should lead to faster loading times and quicker resolution of reader problems), nice ex-post facto honoraria to our loyal guest writers, travel/conference expenses and coverage, and vacation and partial weekend coverage. Let me stress again that these are all things that your donations have and continue to make possible. And at 919 donors, we’re over 90% of the way to our goal of 1000 contributors for this fundraiser.

Our fifth goal is funding for more original reporting. It may sound peculiar to ask for this as this. Yes, I know, it may sound peculiar to ask for that at this point in the fundraiser. Shouldn’t we have asked for that sooner?

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Mark Ames: Why Finance is Too Important to Leave to Larry Summers

Welcome to the world of running a small website. The estimable Mark Ames, who is as much a litterateur as journalist, promised, promised, promised us a fundraising post, but told us he just can’t deliver the piece. I know Mark didn’t do this casually; he was a publisher himself, at The eXile in Russia and then with its US incarnation, The eXiled.

But Mark did give us a hard-to-beat post three years ago, and it deserves being reprised. So enjoy!

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Naked Capitalism: A Bastion of Straight Talk

Yves here. I’m particularly gratified to have this fundraising post from diptherio, an active and well-respected member of the Naked Capitalism commentariat. Diptherio has only occasionally, and sketchily mentioned his background: that he was formerly in politics and gave it up to build a small school in Nepal, where he lives now.

That sort of impulse, to make a positive difference in the world around you, is what I believe has drawn many of you to this site.

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Naked Capitalism, Finance, and Social Justice

When I started this website, one goal was that it would have was an active comments section where savvy, engaged readers would debate the information presented in the and relates matters. I don’t know how it came abut, but the Naked Capitalism commentariat embodies that aspiration even more than I dared hope.

This community is more important than you might imagine

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Thanks! Hit Our Third Target, On to Our Fourth!

Thanks to your prompt and generous responses, we’ve met our first three targets: funding for more site improvements, particularly for the user experience; travel/conference expenses and coverage, and ex-post-facto payments to site writers like Lambert and Dave Dayen. And we are more than half way towards our goal of 1000 contributors for this fundraiser.

We are on our way to meeting our fourth target….

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